Intuitive Surgical Receives Consensus Recommendation of “Hold” from Brokerages (NASDAQ:ISRG)
Intuitive Surgical (NASDAQ:ISRG) has received an average recommendation of “Hold” from the twenty-four analysts that are covering the company, StockRatingsNetwork.com reports. Four investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $462.00.
Intuitive Surgical (NASDAQ:ISRG) opened at 459.14 on Tuesday. Intuitive Surgical has a 52-week low of $346.46 and a 52-week high of $541.23. The stock’s 50-day moving average is $425.9 and its 200-day moving average is $414.6. The company has a market cap of $16.507 billion and a P/E ratio of 37.83. Intuitive Surgical also was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 1,829,187 shares, a decrease of 22.7% from the July 15th total of 2,367,441 shares. Currently, 5.1% of the company’s shares are short sold. Based on an average trading volume of 820,519 shares, the days-to-cover ratio is currently 2.2 days.
Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Tuesday, July 22nd. The company reported $3.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.82 by $0.91. The company had revenue of $512.00 million for the quarter, compared to the consensus estimate of $502.23 million. During the same quarter last year, the company posted $3.90 earnings per share. Intuitive Surgical’s revenue was down 11.5% compared to the same quarter last year. On average, analysts predict that Intuitive Surgical will post $15.27 earnings per share for the current fiscal year.
A number of research firms have recently commented on ISRG. Analysts at Zacks reiterated a “neutral” rating on shares of Intuitive Surgical in a research note on Thursday, July 24th. They now have a $485.00 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Intuitive Surgical in a research note on Wednesday, July 23rd. They set a “positive” rating and a $370.00 price target on the stock. Finally, analysts at Cantor Fitzgerald raised their price target on shares of Intuitive Surgical from $420.00 to $465.00 in a research note on Wednesday, July 23rd.
Intuitive Surgical, Inc (NASDAQ:ISRG) designs, manufactures and markets da Vinci Surgical Systems and related instruments and accessories.
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